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January 1st, 1861 AD (search for this): article 1
wer in the department to call in the treasury notes until they became due. Besides, the withdrawal of such an amount of specie from the public would have been attended with the most injurious effects upon the financial operations of the country. For these reasons, no negotiation of any portion of the loan was attempted until the 8th day of September, 1860, when proposals were invited for ten millions of the loan, which was ample to meet all the treasury notes that would fall due before January 1, 1861.--The rate of interest was fixed at five per centum per annum, under the conviction that the loan could be readily negotiated at that rate, for at that time the five per cent stock of the United States was selling in the market at a premium of three per cent. The result realized this just expectation, and the whole amount offered was taken either at par or a small premium. Before, however, the time had arrived, for payment on the part of the bidders, the financial crisis, to which I hav
July 1st, 1861 AD (search for this): article 1
stimated means for the service of the current fiscal year 1861, as before stated, leaves a balance in the treasury on July 1, 1861, being the commencement of the fiscal year '62, of245,891 58 the foregoing statement assumes that the whole sum em may be deducted from the estimated expenditure of the current fiscal year, increasing the balance in the treasury on July 1, 1861, to that extent. estimates for the fiscal year from July 1, 1861, to June 30, 1862. estimated receipts July 1, 1861, to June 30, 1862. estimated receipts from customs$60,000,000 00 estimated receipts from public lands3,000,000 00 estimated receipts from miscellaneous sources1,250,000 00 estimated balance in the Treasury July 1, 1861 245,891 85 aggregate estimated means for the fiscal year 1862 $6July 1, 1861 245,891 85 aggregate estimated means for the fiscal year 1862 $64,495,891 58 estimated expenditure from permanent appropriations$9,626,386 20 estimated expenditure from balance of former appropriation not before required 12,198,112 62 estimates now submitted by the Executive departments for appropriat
62 AD (search for this): article 1
he redemption of treasury notes — the amount of those notes and interest thereon, deducting $375,400 redeemed during the first quarter20,624,600 00 making the aggregate expenditure, ascertained and estimated, for the current fiscal year 186184,103,105 17 which amount, deducted from the total of ascertained and estimated means for the service of the current fiscal year 1861, as before stated, leaves a balance in the treasury on July 1, 1861, being the commencement of the fiscal year '62, of245,891 58 the foregoing statement assumes that the whole sum embraced in the estimated expenditure for the remaining three-quarters of the current fiscal year, will be actually called for within the year. The amount stated, $46,935,232 58, does not include the entire balance of the appropriation heretofore made by law, but such sums as the respective departments have indicated may probably be required. But in practice for many years past the sums drawn from the treasury during any ye
March 3rd, 1851 AD (search for this): article 1
01,211 860 17 means for 1862. the gross revenue for the year 1862, including foreign postages, fees paid in by letter carriers, and miscellaneous receipts, is estimated at $9,213,140 00 balance of appropriations, arising chiefly from increased revenues, and not required for expenditures of 1860475,794 60 $9,688 934 60 estimated deficiency of revenue, compared with estimated expenditures $5,266,600 53 Deduct appropriations made by the acts of March 3, 1847, and March 3, 18517 000,000 00 estimated deficiency for the year ending June 30, 1862 $4 566,600 53 the anticipated revenue for the year ending June 30, 1860, was $8,287,223, or four per cent on the revenue of 1859. it now appears that the actual revenue for 1860 was $8,518,067 40, being near seven per cent, increase — nevertheless, it is not deemed expedient to estimate for an increase of more than four per cent, for 1862; and the amount of $9,213,140, as above stated, is obtained by assuming that r
January, 7 AD (search for this): article 1
The expenditure during the fiscal year ending June 30, 1860, was $77,462,102 72, (inclusive of $17,613,628 of public debt redeemed,) which, deducted from the aggregate receipts as above of $81,091,309 43, left a balance in the treasury on the 1st July of $3,629,206 71. On the receipts during the last year $19,395,265 were from treasury notes under the act of Dec. 23, 1857, and $1,380,000 from loan, per act June 14, 1858, and from other sources as follows. Customs, $53,187,511 87; public lands, $1,778,553 71, and miscellaneous, $1,010,764 31. Present Fiscal Year. The receipts of the past quarter of the fiscal year 1861 from July 1 to Sept. 30, 1860, have amounted to $16,719,790 04, (there is an increase of $172,460 60 from customs, as compared with same quarter last year,) which, with the balance of $3,629,206 71 in the treasury on-- 1st July, 1860, makes$20,348,996 75 the estimated receipts during the three remaining quarters of the current fiscal year
June 14th, 1858 AD (search for this): article 1
4,339,225 54 which remained over in the treasury from the previous year. The expenditure during the fiscal year ending June 30, 1860, was $77,462,102 72, (inclusive of $17,613,628 of public debt redeemed,) which, deducted from the aggregate receipts as above of $81,091,309 43, left a balance in the treasury on the 1st July of $3,629,206 71. On the receipts during the last year $19,395,265 were from treasury notes under the act of Dec. 23, 1857, and $1,380,000 from loan, per act June 14, 1858, and from other sources as follows. Customs, $53,187,511 87; public lands, $1,778,553 71, and miscellaneous, $1,010,764 31. Present Fiscal Year. The receipts of the past quarter of the fiscal year 1861 from July 1 to Sept. 30, 1860, have amounted to $16,719,790 04, (there is an increase of $172,460 60 from customs, as compared with same quarter last year,) which, with the balance of $3,629,206 71 in the treasury on-- 1st July, 1860, makes$20,348,996 75 the estima
1850 AD (search for this): article 1
1 making a decrease during the year of41 whole Number of post-offices on the 30th of June, 1860 28,498 Number of post-offices of which the names and sites were changed375 the increase of business in this department from the commencement of the government, indicates the growth of our country in a striking manner. At its formation, in 1789, there were but 75 post-offices in operation; in 1800, there were 903; in 1810, 2,300; in 1820, 4,500; in 1830, 8,450; in 1840, 13,468; in 1850, 18,417, and in 1860, 28,498. revenues and Expenditures. the Expenditures of the department in the fiscal year ending June 30, 1860, amounted to $19,170,609 99. the gross revenue for the year 1860, including receipts from letter carriers and from foreign postages, amounted to $8,518,067 40.--being an increase of near seven per cent, over the revenue of the year ending June 30, 1859. the balance standing to the credit of the department on the books of the Auditor on J
September 8th, 1860 AD (search for this): article 1
overnment to the unnecessary payment of interest during the time the money would have remained in the vaults of the treasury uncalled for. There was no power in the department to call in the treasury notes until they became due. Besides, the withdrawal of such an amount of specie from the public would have been attended with the most injurious effects upon the financial operations of the country. For these reasons, no negotiation of any portion of the loan was attempted until the 8th day of September, 1860, when proposals were invited for ten millions of the loan, which was ample to meet all the treasury notes that would fall due before January 1, 1861.--The rate of interest was fixed at five per centum per annum, under the conviction that the loan could be readily negotiated at that rate, for at that time the five per cent stock of the United States was selling in the market at a premium of three per cent. The result realized this just expectation, and the whole amount offered was t
1840 AD (search for this): article 1
e same period1,181 making a decrease during the year of41 whole Number of post-offices on the 30th of June, 1860 28,498 Number of post-offices of which the names and sites were changed375 the increase of business in this department from the commencement of the government, indicates the growth of our country in a striking manner. At its formation, in 1789, there were but 75 post-offices in operation; in 1800, there were 903; in 1810, 2,300; in 1820, 4,500; in 1830, 8,450; in 1840, 13,468; in 1850, 18,417, and in 1860, 28,498. revenues and Expenditures. the Expenditures of the department in the fiscal year ending June 30, 1860, amounted to $19,170,609 99. the gross revenue for the year 1860, including receipts from letter carriers and from foreign postages, amounted to $8,518,067 40.--being an increase of near seven per cent, over the revenue of the year ending June 30, 1859. the balance standing to the credit of the department on the books of
July 2nd (search for this): article 1
ng to three hundred men, embarked at St. Louis on the 3d of May on two steamboats of light draught, and with all the necessary appliances for such a march, set out on the journey. The season was the least propitious of any for some years as the water was very low from failure of rains in the spring and of the usual quantity of snow during the winter amongst the Rocky Mountain range. --But, notwithstanding this disadvantage, the expedition made good progress, reached Fort Benton by the second day of July without any material hindrance, and took up their line of march for the Pacific. Transportation had been provided for them, and although there was some little delay in its reaching the command, it caused no material detention and resulted in no inconvenience. After a prosperous march of less than sixty days from Fort Benton, the command arrived in safety and good condition at Fort Walla-Walla. This march, covering a distance of three thousand miles by water and six hundred by land,
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